ADB increases Pakistan engagement to $3.67b in 2025

Expands focus beyond infrastructure financing to fiscal reforms, women’s economic inclusion, critical minerals   The Asian Development Bank (ADB) increased its financial commitments to Pakistan in 2025, approving $3.672 billion, which is 22 per cent higher than the $2.995 billion recorded in the previous year. The expansion reflects the bank’s growing engagement in new sectors,…

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Manchester City go top of EPL

Erling Haaland sent Manchester City top of the Premier League. Photo: AFP LONDON: Manchester City edged ahead of Arsenal at the top of the Premier League as a 1-0 victory at Turf Moor condemned Burnley to relegation on Wednesday. The defeat confirmed the Clarets’ third Premier League relegation in five seasons, consigning them to the…

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IMF urges removal of non-tariff curbs

ISLAMABAD: Pakistan has assured the International Monetary Fund (IMF) that it would review more than 2,660 non-tariff barriers that discourage imports, and many of these will be removed soon, including those restricting the import of mobile phones and cars. In yet another major concession agreed with the IMF under the $7 billion bailout package without…

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Inter ready to pounce for Serie A title

Cristian Chivu could win his first Serie A title as a coach this weekend. Photo: AFP/File LONDON: Inter Milan could have their first chance to seal the Serie A title on Sunday as the champions in waiting take on Torino while Napoli and AC Milan try to push back the celebrations by at least one…

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Pakistan backs Libya’s sovereignty, urges Libyan-led peace process at UNSC

‘A Libyan-led and Libyan-owned political process is the only viable path to lasting peace and stability’ Pakistan’s Permanent Representative to the UN, Ambassador Asim Iftikhar Ahmad speaking at the United Nations Security Council briefing on the UN Support Mission in Libya. PHOTO: X Pakistan on Thursday reaffirmed its support for Libya’s sovereignty and a Libyan-led…

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Oil supply to Attock refinery restored after transport disruption

Crude movement resumes after traffic restrictions halted logistics, forcing temporary shutdown a day earlier ISLAMABAD: The movement of crude oil and petroleum products to and from Attock Refinery Limited resumed late Wednesday night after authorities stepped in to ease disruptions, the refinery’s management said. The restoration was facilitated through the intervention of Petroleum Minister Ali…

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PSX plunges over 2,750 points as profit-taking erupts

KSE-100 hits intra-day low of 168,828 after aggressive selling wipes out early gains KARACHI: The Pakistan Stock Exchange (PSX) witnessed a turbulent session on Thursday, with the benchmark KSE-100 index plunging by over 2,750 points as investors opted for aggressive profit-taking at higher levels. The market, which had previously shown resilience near the 171,000 mark,…

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